Skip to content

U.S. China News 2011.05.17

Tue, May 17, 2011

Pakistan cements China ties amid tension with US
CNN International
Although Gilani’s trip was planned long before bin Laden’s death, some observers see his comments as a jab to the United States and expect him to further strengthen ties with China to counter mounting US criticisms. While many Americans suspect
See all stories on this topic »

U.S., China Military Officials Meet in Washington
Wall Street Journal
The US sees the South China Sea as international waters, while China claims it as its economic zone and argues that military activities should be restricted there. Both China and the US were irked by a March 2009 incident in which Chinese vessels
See all stories on this topic »

China Trims US Bond Holdings for Fifth Month as Debt Approaches Ceiling
Bloomberg
China’s concern that US government securities may become more risky because of the nation’s deficits and debt burden prompted its call this month for President Barack Obama’s administration to lay “a solid fiscal foundation” for long- term growth.
See all stories on this topic »

USChina military talks continued
Stars and Stripes (blog)
1 issue on China’s list, arms sales to Taiwan, which the US insists will continue and Chinese officials have said they will continue to oppose. Instead, Mullen hoped to establish a more institutionalized relationship that can keep lines of
See all stories on this topic »

China Not Seeking Nuclear Parity With US: Report
Global Security Newswire
Unlike the United States, China maintains its nuclear warheads separately from launch vehicles until the weapons are potentially needed for combat, the document notes. Six classes of Chinese missiles can carry nuclear weapons, it adds (Union of
See all stories on this topic »

Rebuilding a United Front on China Rights
Wall Street Journal
Despite the US side’s tougher human rights talk and an equally difficult economic context, it is notable that relations between the US and China continued on as before. While commentators concluded the S&ED yielded little concrete progress,
See all stories on this topic »

US love affair with China IPOs fades
The Australian
US investors’ love affair with Chinese initial public offerings may be fading, after swarming to them since last fall. Five China-based companies have launched IPOs on US exchanges so far in May. All have had mixed responses in the market,
See all stories on this topic »

Obama asks US youths to compete with India, China
International Business Times
By IBTimes Staff Reporter | May 17, 2011 4:51 AM EDT US President Barack Obama spoke with fresh graduates at Booker T. Washington High School in Memphis, Tennessee, on Monday, asking them to brace for a “new world” and “tough competition” from the
See all stories on this topic »

Pakistan to return US Stealth chopper tail, says Kerry
International Business Times
The US demanded immediate return of the damaged helicopter as it doesn’t want its sensitive military technology ending up in the hands of China, Pakistan’s ally. Former White House counter-terrorism advisor and ABC News consultant Richard Clarke said
See all stories on this topic »

A Manufacturing Renaissance, Not In China But US
NPR
by NPR Staff Audio for this story from Tell Me More will be available at approx. 3:00 pm ET.
See all stories on this topic »

Beijing Jingdong Sets Sights on $2 Billion U.S. IPO
Wall Street Journal
By Owen Fletcher BEIJING—The owner of China’s 360buy.com aims to raise at least $2 billion in an initial public offering in the US in 2013 or later, its chief executive officer said, in a sign of booming growth and intensifying competition in China’s
See all stories on this topic »

American Lorain Corporation Reports 2011 First Quarter Financial Results
Sacramento Bee
The Company operates through its five direct and indirect subsidiaries and one leased factory located in China. For further information about American Lorain Corporation, please visit the Company’s website at http://www.americanlorain.com.
See all stories on this topic »

US, China Cooperate to Fight Climate Change, Illegal Fishing
Environment News Service
WASHINGTON, DC, May 16, 2011 (ENS) – The United States and China have agreed to cooperate on combating climate change, greenhouse gas observation in China and energy sciences. Talks last week also yielded an agreement to expand efforts to control
See all stories on this topic »

Here’s The Truth About China’s Supposed Dumping Of US Treasuries
The Business Insider
Other data and anecdotal evidence suggest that China has been routing its trades through London and selling Treasuries in the US session. On a levels basis, in June 2010, holdings of Treasuries in the UK rose by $230bn to $325bn. On a flows basis,
See all stories on this topic »

China’s Internet Population Powers Ahead of US, Hits 477 Million
Forbes (blog)
By KENNETH RAPOZA China’s internet population is pulling farther ahead of the US and there isn’t any looking back, either, on this on. China’s internet population hit 477 million users in March, according to China Daily. The newspaper’s website sourced
See all stories on this topic »

China’s Fading Labor Arbitrage
The Moderate Voice
I have made it clear that I’m not bullish on China. The increasing cost of transportation will make it dificult to economically make Walmart fodder in China and ship it back to the US. We have already seen it the steel industry where both US and
See all stories on this topic »

China plays down UN report on North Korea, Iran proliferation
Reuters
US special envoy on North Korea, Stephen Bosworth answers a reporter’s question after his meeting with South Korea’s chief nuclear negotiator Wi Sung-lac at Foreign Ministry in Seoul May 17, 2011. BEIJING (Reuters) – China on Tuesday played down a
See all stories on this topic »

Asean needs US in resolving Spratly dispute: US envoy
GulfNews
Only China and Taiwan are two non Asean countries that are claiming the South China Sea. Asean is composed of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. Both China and the US are Asean’s trading
See all stories on this topic »

China’s Hotel Boom Catches A Second Wind
CNBC.com
If there’s one US industry that’s found a home in China, it’s the lodging business. The 2008 Beijing Olympics and the 2010 Shanghai World Expo offered obvious, one-time incentives for expansion in marquee destimnations. Now the growth is especially
See all stories on this topic »

US Commodities Day Ahead: Global Food Prices to Extend Gains
Bloomberg
China, the biggest foreign owner of US Treasuries, trimmed its holdings for a fifth straight month in March as American lawmakers grappled with a government debt set to reach its legal limit. Foreign direct investment in China climbed 15 percent in
See all stories on this topic »

Copper Prices Decline in New York as Economic Data Signal Weak US Demand
Bloomberg
By Yi Tian – Tue May 17 15:25:56 GMT 2011 Copper fell for the first time in four sessions as economic data signaled slowing demand in the US, the world’s largest user after China. US housing starts unexpectedly fell in April, and industrial production
See all stories on this topic »

Work begins Wednesday on US 29
Salisbury Post
Crews will begin work this week on a project to resurface a 2.5-mile section of US 29 between Salisbury and China Grove in Rowan County. Wether permitting, the project will begin Wednesday. The project will improve safety, help the road last longer and
See all stories on this topic »

Boom-to-bust warning on China: Treasury
The Australian
By keeping its exchange rate closely linked to the US dollar, Dr Parkinson said China was importing US monetary policy, which was designed for an economy with double-digit unemployment, almost no inflation and weak demand.
See all stories on this topic »

China AIDS sufferers being denied medical care
Reuters
Another AIDS activist, former health ministry official Wan Yanhai, has fled to the United States with his family, citing pressure from authorities, according to rights group Human Rights Watch.
See all stories on this topic »

JinkoSolar Announces Closing of Offering of US$125 Million of Convertible
PR Newswire (press release)
a fast-growing, vertically-integrated solar power product manufacturer with low-cost operations based in China, today announced the closing of its offering of US$125 million in aggregate principal amount of convertible senior notes due 2016 (the
See all stories on this topic »

WikiLeaks cables show oil a major focus of U.S. diplomats
FuelFix (blog)
17, 2009, secret cable from the US embassy in Riyadh, Saudi Arabia, recalled how days earlier the US charge d’affaires, Richard Erdman, pushed Saudi Arabian Oil Minister Ali al-Naimi to get closer to China. But there was an ulterior motive.
See all stories on this topic »

Chinese look to increase Brazil investments
BusinessWeek
China is already Brazil’s biggest trading partner, replacing the US two years ago. China consumes vast amounts of Brazilian commodities such as iron ore, soybeans and oil. Chen, accompanied by about 80 Chinese business representatives, met in Brasilia
See all stories on this topic »

Mumbai kids are tough competition: Obama:
ekmulakatnews
Washington: Seeing it as signs of emerging of new world, US President Barack Obama has warned American students to strive hard to stay ahead as they face tough competition from youngsters in India and China. “You’re competing against young people in
See all stories on this topic »

WHO NAME GAME: US secretary pans name change
Taipei Times
“It needs to be a resolution that includes China and Taiwan in a discussion and we would very much welcome that road forward.” Last week, it was revealed that a letter from WHO Director-General Margaret Chan (陳馮富珍), sent in September last year,
See all stories on this topic »

US to advance Pacific free trade as APEC host
Reuters
A successful conclusion of the TPP talks could have a tonic effect on the global talks by encouraging China and big developing countries to give in to US demands that they make better offers to open their markets to more foreign companies,
See all stories on this topic »

Citi Could See Big Gains From China Bank IPO
Wall Street Journal
Last year, TPG Inc. sold 299 million shares, or its entire 4% stake, in Ping An Insurance (Group) Co. of China Ltd. for a total of $2.41 billion through two placements in May and September. The US private-equity firm received Ping An shares in exchange
See all stories on this topic »

Amid offshoring binge, a few US jobs are coming back to Florida
Tampabay.com
Offshoring adviser Boston Consulting Group predicts a US “manufacturing renaissance” as soaring factory pay in China shrinks labor savings over US workers. If it were only that easy. The world’s next great wave of middle classes — the folks who will
See all stories on this topic »

Notre Dame Says No to ‘Made in China‘ on Fighting Irish Goods
San Francisco Chronicle
Not for sale: anything made in China. Ten years after adopting the policy, Notre Dame remains the only major US university that forbids license holders such as Adidas AG to put the school logo on any product from China, according to groups that track
See all stories on this topic »

Tencent buys stake in Expedia’s China booking site
Taipei Times
Tencent — a gaming, search, instant messaging and social networking heavyweight — paid US$84.4 million to buy about 16 percent of eLong, China’s No. 2 online travel site, a joint statement by the three companies said. Expedia, the world’s largest
See all stories on this topic »

HSBC to Hire More Than 2000 in Singapore, China
Wall Street Journal
The bank currently has about 5000 employees in China and 3500 in Singapore. In the past decade, HSBC has invested more than US$5 billion in mainland China. That includes eight billion yuan ($1.2 billion) worth of registered capital in HSBC China,
See all stories on this topic »

A Manufacturing Renaissance, Not In China But US
Vermont Public Radio
The US manufacturing industry has added over 140 thousand jobs since January, according to the Bureau of Labor statistics. Does this signal a lasting comeback or a fleeting moment of hope? Host Michel Martin speaks with Bloomberg Businessweek economics
See all stories on this topic »

INTERVIEW: Infosys China Plans To Triple Staff To 10000 In 3 Years
Wall Street Journal
Infosys China derives 70% of its revenue from international firms, with a large portion of payments settled in US dollars, Vellamore said. Infosys China has been affected by the yuan’s gains against the US dollar, but it is trying to mitigate the
See all stories on this topic »

‘Libya is US, China’s battleground’
Hamsayeh.Net
The US seeks control of Libyan oil facilities in order to push China and Russia out of the Mediterranean in its quest for world hegemony, says an analyst. In an interview with Press TV, Dr. Paul Craig Roberts, former assistant secretary to the US
See all stories on this topic »

Deloitte expects China to become world’s largest chemical market
Xinhua
As the the world’s second largest chemical producer after the United States, China’s chemical output exceeded 900 billion US dollars in 2010, accounting for approximately 15 percent of global demand. Hanley sees China as a very active chemical trader,
See all stories on this topic »

BASE METALS: Comex Copper Pares Gains After Weak US Housing Data
Wall Street Journal
Copper futures have also been pressured recently by concerns that China’s efforts to stifle inflation could reduce its booming economy’s thirst for raw materials. China is the world’s largest copper consumer and a driver of global prices for industrial
See all stories on this topic »

Gamers Target US Troops in Chinese Military ‘Shooter’
Wired News (blog)
By David Axe Their latest stealth fighter might be cloned from the debris of a shot-down US Air Force F-117. Their naval warplanes are reverse-engineered Soviet designs, as is their only aircraft carrier. For decades, China has copied many its military
See all stories on this topic »

Does China Have an Eye on the Arctic?
TIME (blog)
But perhaps more interesting is that embedded in America’s ambition to get a toehold in Greenland before it splits from Denmark and has a major oil find is concern from the US over China’s interest in island. “Our international visitor invitations,
See all stories on this topic »

Asian Shares End Mixed; Resources Stocks Support China, Sydney
Wall Street Journal
a serious rebound as concerns over the US and European economies may continue. In Shanghai, Yanzhou Coal Mining was up 5.6% after shedding 17.8% since April 11, while China Shenhua Energy was 2.3% higher following losses of 7.6% in the same period.
See all stories on this topic »

Zell Says Columbia is Hot, Chanos Says China is Not
World Property Channel
Zell also warned inflation is a real issue for the US dollar–as well for the rest of the world. With China now moving from an export-led economy to a consumer-led economy, notable hedge fund manager James Chanos had previously told TV interviewer
See all stories on this topic »

China Direct Industries CEO Discusses F2Q2011 Results – Earnings Call Transcript
Seeking Alpha
For those of you who maybe new to the company, China Direct Industries trade’s on the NASDAQ global market under the symbol CDII. China Direct Industries is a US-based holding company with operations in China and the US focusing on pure magnesium
See all stories on this topic »

Canadian Stocks Decline as U.S. Economic Data Trail Forecasts
San Francisco Chronicle
The S&P/TSX fell 5.1 percent this quarter through yesterday as fuels and metals have dropped on economic data indicating a slowing US recovery, a stronger US dollar, concerns about inflation in China and higher CME Group Inc. margin requirements for
See all stories on this topic »

US space equipment blasts off with Chinese-designed thermal control system
Xinhua
The 2 billion US dollar AMS-02 program, led by Nobel Prize Laureate Samuel Ting, attracted more than 600 researchers from 16 countries and regions, including China. Shandong University joined the program in 2004 and was responsible for designing the
See all stories on this topic »

More Bad Weather Could See Record Food Prices
CNBC.com
With drought threatening food production in the EU, US and China, analysts at Renaissance Capital believe the next 8-10 weeks will be crucial to prices in 2011 and 2012. “The food price threat for 2011-2012 is very significant, but may disappear in
See all stories on this topic »

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: